Data Science Current

Early Bitcoin Investor Roger Ver Charged with Tax Fraud

Hacker News

APRIL 30, 2024

An indictment was unsealed charging Roger Ver, an early investor in bitcoins, with mail fraud, tax evasion and filing false tax returns. Ver was arrested this weekend in Spain based on the U.S. criminal charges. The United States will seek Ver’s extradition to stand trial in the United States.

IRS and Security Summit partners put a stop to tax ID theft

Dataconomy

DECEMBER 4, 2023

With the tax filing season approaching, IRS and Security Summit partners have joined forces to combat tax ID theft, a growing threat in cybersecurity. A tax ID is a unique identifier used by governments to track individuals and businesses for tax purposes. It is important to protect your tax ID from identity theft.

Revolutionizing Taxation: How India Uses AI & ML to Improve the Tax Process

Analytics Vidhya

APRIL 9, 2023

The Government of India is thus utilizing this technology in a complex process like taxation to make tax filing more […] The post Revolutionizing Taxation: How India Uses AI & ML to Improve the Tax Process appeared first on Analytics Vidhya.

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Ending the Ivy League's Tax Dodge

Hacker News

FEBRUARY 26, 2024

As efforts mount to finally tax private universities’ massive endowment funds, wealthy institutions are fighting back.

Tax prep companies: $90M lobbying against free tax-filing

Hacker News

SEPTEMBER 2, 2023

Top tax prep companies spent over $90 million on lobbying in the past two decades since the IRS Free File Program’s launch.

Moore vs. United States: Tax Unrealized Income Case

Hacker News

DECEMBER 9, 2023

tax base which could quickly become legally uncertain, putting significant revenue at stake. A major case pending before the U.S. Supreme Court (Moore v. United States) is calling into question provisions on large portions of the U.S.

Spotify starts ‘disinvesting’ in France in response to new music-streaming tax

Hacker News

DECEMBER 22, 2023

Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating in France, and threatened more action will follow in the coming months. All rights reserved. For personal use only.

IRS to Begin Trial of Its Own Free Tax-Filing System

Hacker News

JANUARY 6, 2024

But the agency’s plans have already met resistance from tax preparation companies. Residents of 12 states are eligible to participate if they meet certain criteria.

The High Price of Empty Office Space: Billions in Tax Breaks, with More to Come

Hacker News

DECEMBER 30, 2023

An analysis by THE CITY shows that long-ago luxury real estate deals from Hudson Yards to Times Square are costing dearly in reduced city tax collections. Now City Hall is rolling out still more tax relief, with little transparency.

Claiming high user satisfaction, IRS will decide on renewing free tax site

Hacker News

APRIL 27, 2024

In the first year, more than 140,000 households in 12 states did their taxes with Direct File.

This AI Tax Assistant Actually Seems Pretty Useful

Flipboard

DECEMBER 14, 2023

H&R Block has released a new AI chatbot specifically for your tax questions—an arena where, in the past, I'd say AI should not be trusted. Using conversational AI, this virtual tax expert can answer many of your common tax questions and supplement your understanding of the tax process.

AI

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Are you eligible for the Tesla Model 3 tax credit?

Dataconomy

JUNE 5, 2023

The United States now offers a complete tax credit of $7,500 for those purchasing a Tesla Model 3. Some EVs initially lost eligibility but were later reinstated, while the maximum tax deduction for a Tesla Model 3 with rear-wheel drive and long range has been reduced to $3,750 to comply with the revised rules.

IRS takes aim at Microsoft over $28.9 Billion in back taxes

Dataconomy

OCTOBER 12, 2023

billion in past taxes, as well as penalties and interest. These allegations cover the tax years 2004 through 2013, and they were made public through an SEC filing. Goff claims that these improvements might result in a $10 billion reduction in the final tax bill. billion in tax for 2004 to 2013, plus penalties and interest.

The IRS has all our tax data. Why doesn't its new website use it?

Hacker News

FEBRUARY 4, 2024

The agency’s Direct File program is touted as a free alternative to commercial tax software, but it’s a far cry from comparable offerings in other countries.

Analytics Changes the Calculus of Business Tax Compliance

Smart Data Collective

FEBRUARY 28, 2023

However, there is an area that is being shaped by analytics technology that has not gotten as much attention – tax compliance. Deloitte discussed this new trend in a report titled “Tax data analytics A new era for tax planning and compliance.”

Analytics

Analytics Analytics Data Mining Data Mining

Billionaire tax rates

FlowingData

JUNE 9, 2021

ProPublica anonymously obtained billionaires’ tax returns. Combining the data with Forbes’ billionaire wealth estimates , ProPublica calculated a “true tax rate” for America’s 25 richest people: The results are stark. billion in federal income taxes in those five years, the IRS data shows.

Why do airlines charge so much for checked bags? The tax code

Hacker News

APRIL 9, 2024

The answer lies in the tax code.

Tax services want your data

FlowingData

APRIL 18, 2022

Taxes are due today in the U.S. Fowler for The Washington Post on the part when tax services like TurboTax and H&R Block ask for your data : What he discovered is a little-discussed evolution of the tax-prep software industry from mere processors of returns to profiteers of personal data. Geoffrey A.

France plans to close tax loophole benefiting Airbnb

Hacker News

JUNE 9, 2023

France's finance ministry is working on plans to close a tax loophole benefiting short-term furnished rentals such as AirBnB , Finance Minister Bruno Le Maire said on Friday.

AI Helps Automate Tax Compliance Procedures

Smart Data Collective

AUGUST 26, 2022

One of the most beneficial applications of AI is in the realm of tax compliance. You can automate your tax compliance process by using sophisticated AI-driven software. AI is Becoming Essential for Promoting Tax Compliance. In this hassle, many business owners often overlook a critical part of managing a business – taxes.

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How the Rich Reap Huge Tax Breaks From Private Nonprofits

Hacker News

JULY 30, 2023

It’s a simple bargain: The rich get huge tax breaks by donating art, property and company shares to benefit the public. But some donors collect millions while offering little or no public access.

Detroit wants to be the first big American city to tax land value

Hacker News

OCTOBER 16, 2023

If you tax blight, will you get less of it?

Italy approves 40% windfall tax on banks for 2023 as profits soar

Hacker News

AUGUST 8, 2023

Proceeds from levy on interest rate income will be used to help mortgage holders and cut taxes Business live – latest updates Italy has approved a 40% windfall tax on banks and will use proceeds to help mortgage holders and cut taxes, the deputy prime minister said, in a move that sent banking shares plunging.

Maximize Tax Deductions as a Business Owner with AI

Smart Data Collective

MARCH 23, 2023

However, one of the other benefits of AI is that it can help with your taxes! This is important, since taxes are a huge pain for many business owners. If you make $400 or more as a freelancer or small business owner, you must file taxes with the Internal Revenue Service (IRS).

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Calls to investigate tax sites for sharing financial information with Meta

Hacker News

JULY 12, 2023

Senators think some popular tax preparation sites could have broken the law.

Strategies to Make Better Profits for CPAs During Tax Season

Smart Data Collective

NOVEMBER 1, 2022

As soon as the tax season starts in the US, accounting professionals and CPAs get their hands full, smoothing out tax preparation and filing the subsequent returns. Tax filing is an ongoing process that runs throughout the year and has great responsibilities attached to it. Plan for Tax Season Before it Gets Started.

Tax preparers that shared private data with Meta, Google could be fined billions

Hacker News

JULY 12, 2023

One tax preparer said the scandal likely impacts every user of its services.

Revenue department working on widening personal income tax base, using data red flags

Flipboard

JUNE 5, 2023

The government is using Data Analytics, Big Data, Artificial Intelligence and Machine Learning to make the tax system more effective. The revenue …

Artificial Intelligence

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Canada's "Linked Tax" Can't Replace a Real Tax

Hacker News

DECEMBER 12, 2023

This week, our experts covered topics ranging from the potential scope of the eventual Moore v. United States decision to the impact of the new SEC clawback rules. For a look at the latest commentary and analysis, check out our weekly roundup.

Mastodon forms new U.S. non-profit

Hacker News

APRIL 27, 2024

As part of our commitment to supporting the growth and operational capabilities of Mastodon, we have established a 501(c)(3) non-profit entity in the United States aimed at facilitating our efforts, including being able to receive tax-deductible U.S. donations.

How sports owners pay less taxes than athletes

FlowingData

JULY 8, 2021

ProPublica continues their analysis of an anonymous dump of tax records, this time with a focus on billionaire sports owners : The law favors people who are rich because they own things over people who are rich because they make a high income from their work. Tags: billionaires , ProPublica , sports , taxes. for Medicare.

The IRS Embraces Big Data to Fight Tax Fraud

Dataversity

MARCH 30, 2022

The post The IRS Embraces Big Data to Fight Tax Fraud appeared first on DATAVERSITY. In addition to tech millionaires secreting their wealth in cryptocurrencies and digital banks, increased incidences of identity theft and refund fraud […].

Big Data

Big Data Big Data Data Governance Data Analysis

Should the US implement a ‘robot tax?’

Flipboard

SEPTEMBER 2, 2023

A version of this story original appeared in TechCrunch’s weekly robotics newsletter, Actuator. Subscribe here. A big and often unremarked upon aspect of being a reporter is knowing your audience. It’s not always as straightforward as it sounds — particularly when writing about tech. You’re always …

Computer Science

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It’s Tax Season: How Big Data Is Transforming The Filing Process

Dataconomy

APRIL 17, 2018

People all over the United States have been preparing themselves for the impact of tax reforms passed in 2017. The post It’s Tax Season: How Big Data Is Transforming The Filing Process appeared first on Dataconomy. An accountant is still a filer’s best friend when.

Big Data

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Comparing rich people incomes and the taxes they pay

FlowingData

APRIL 14, 2022

Based on leaked IRS data for the 400 wealthiest Americans, ProPublica provides a comparison of their incomes and the lower taxes they paid between 2013 and 2018. This might be best piece so far from ProPublica’s IRS series in terms of understanding the big picture from their dataset.

Harvard Faces New Threat of State Tax on $51B Endowment

Hacker News

FEBRUARY 1, 2024

Harvard University is bracing for two bills in its home state of Massachusetts this year that would target the school’s massive $51 billion endowment and policy of admitting legacy applicants.

'AI, can I deduct that?' The top five overlooked tax deductions and how AI can help you find more.

Flipboard

MARCH 10, 2023

Did you know you might be able to deduct a swimming pool, dead-beat friend debt, and cat food on your taxes? Those are just the start of some creative deductions you might be able to add to your 2022 tax return. If you thought taxes were supposed to be less painful this year thanks to pandemic-era …

AI

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Elon Musk Has a Giant Charity. Its Money Stays Close to Home

Hacker News

MARCH 11, 2024

After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests.

TurboTax maker Intuit spent millions in record lobbying blitz

Hacker News

FEBRUARY 10, 2024

TurboTax parent company Intuit spent millions in a record lobbying blitz amid government scrutiny and threats to the tax prep industry.

Japan's Hometown Tax

Hacker News

SEPTEMBER 18, 2023

Comments (..)

FTC bans TurboTax from advertising 'free' services, calls deceptive advertising

Hacker News

JANUARY 22, 2024

The Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its services for free unless it is free for all customers.

The 14 pains of building your own billing system

Hacker News

FEBRUARY 26, 2024

Trying to cobble together your own billing system is like wrestling an octopus that's armed with tax codes and invoices instead of tentacles. It's a beast of complexity that can tangle up everything from customer support to compliance. I have 14 points on why it's hard.

Strawberry Case Study: What If Farmers Had to Pay for Water?

Hacker News

DECEMBER 29, 2023

With aquifers nationwide in dangerous decline, one part of California has tried essentially taxing groundwater. New research shows it’s working.

Meta Reports First Quarter 2024 Results

Hacker News

APRIL 24, 2024

" First Quarter 2024 Financial Highlights Three Months Ended March 31, % Change In millions, except percentages and per share amounts 2024 2023 Revenue $ 36,455 $ 28,645 27 % Costs and expenses 22,637 21,418 6 % Income from operations $ 13,818 $ 7,227 91 % Operating margin 38 % 25 % Provision (..)

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Early Bitcoin Investor Roger Ver Charged with Tax Fraud

IRS and Security Summit partners put a stop to tax ID theft

Webinars

Trending Sources

Revolutionizing Taxation: How India Uses AI & ML to Improve the Tax Process

Webinars

Ending the Ivy League's Tax Dodge

Tax prep companies: $90M lobbying against free tax-filing

Moore vs. United States: Tax Unrealized Income Case

Spotify starts ‘disinvesting’ in France in response to new music-streaming tax

IRS to Begin Trial of Its Own Free Tax-Filing System

The High Price of Empty Office Space: Billions in Tax Breaks, with More to Come

Claiming high user satisfaction, IRS will decide on renewing free tax site

This AI Tax Assistant Actually Seems Pretty Useful

Are you eligible for the Tesla Model 3 tax credit?

IRS takes aim at Microsoft over $28.9 Billion in back taxes

The IRS has all our tax data. Why doesn't its new website use it?

Analytics Changes the Calculus of Business Tax Compliance

Billionaire tax rates

Why do airlines charge so much for checked bags? The tax code

Tax services want your data

France plans to close tax loophole benefiting Airbnb

AI Helps Automate Tax Compliance Procedures

How the Rich Reap Huge Tax Breaks From Private Nonprofits

Detroit wants to be the first big American city to tax land value

Italy approves 40% windfall tax on banks for 2023 as profits soar

Maximize Tax Deductions as a Business Owner with AI

Calls to investigate tax sites for sharing financial information with Meta

Strategies to Make Better Profits for CPAs During Tax Season

Tax preparers that shared private data with Meta, Google could be fined billions

Revenue department working on widening personal income tax base, using data red flags

Canada's "Linked Tax" Can't Replace a Real Tax

Mastodon forms new U.S. non-profit

How sports owners pay less taxes than athletes

The IRS Embraces Big Data to Fight Tax Fraud

Should the US implement a ‘robot tax?’

It’s Tax Season: How Big Data Is Transforming The Filing Process

Comparing rich people incomes and the taxes they pay

Harvard Faces New Threat of State Tax on $51B Endowment

'AI, can I deduct that?' The top five overlooked tax deductions and how AI can help you find more.

Elon Musk Has a Giant Charity. Its Money Stays Close to Home

TurboTax maker Intuit spent millions in record lobbying blitz

Japan's Hometown Tax

FTC bans TurboTax from advertising 'free' services, calls deceptive advertising

The 14 pains of building your own billing system

Strawberry Case Study: What If Farmers Had to Pay for Water?

Meta Reports First Quarter 2024 Results

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